The syndicate of agents and underwriters in connection with Keyera Corp.'s $1-billion senior notes and $603-million bought deal equity offerings The syndicate of agents and underwriters in connection with Keyera Corp.'s $1-billion senior notes and $603-million bought deal equity offerings

On June 22, 2026, Keyera Corp. completed its offering of $1-billion aggregate principal amount of senior unsecured notes (the notes) on a private placement basis and a bought deal public offering of approximately $604 million of common shares. The underwriters elected to exercise the over-allotment option in full, resulting in the issuance of a total of 11,274,600 common shares.

The common shares of Keyera were offered through a syndicate of underwriters, led by RBC Capital Markets and TD Securities, as joint bookrunners. The notes were offered on a private placement basis, in reliance upon exemptions from the prospectus requirements in each of the provinces of Canada, through a syndicate of agents co-led by RBC Capital Markets and CIBC Capital Markets.

The net proceeds from the equity offering and some of the net proceeds from the notes offering will be used to repay indebtedness drawn under a short-term credit facility used to fund Keyera’s acquisition of a non-operated 50% interest in the KAPS pipeline from Stonepeak Partners LP, which resulted in Keyera owning the entire interest in KAPS, the details of which were announced by Keyera on June 17, 2026. The balance of the net proceeds from the notes offering is expected to be used to fund the redemption or repayment of Keyera Partnership’s outstanding 3.96% senior unsecured notes due October 2026 prior to or at their maturity date.

Osler, Hoskin & Harcourt LLP advised the syndicate of underwriters on the equity offering and the syndicate of agents on the private placement of Notes with a team consisting of Dan Shea, Jessica Myers, Amelia Miao, Vivek Warrier, Joshua Mamdani, Michael Vandenberghe, Kristin Mead, Adam Withers and Robbie Ripamonti (Corporate); and Timothy Hughes and Sean Timlick (Tax).